RMI calls for government clarity on future EU trade for automotive retailers

“It is vital that the government agrees a Brexit deal with the EU. If it cannot, then prices will rise as a result of the import tariffs that will be paid on vehicles and parts. It is in everyone’s interests that a future trade deal between the UK and EU removes these tariffs,” said RMI Chairman Peter Johnson, speaking at this year’s 106th Retail Motor Industry Federation annual dinner in London on 10 October.

Since the referendum in June 2016, businesses in the UK have been waiting for clarity on our future terms of trade with the EU, and for clarity on who we are going to be able to recruit to work in our industry.

Peter Johnson added, “Whilst we have been part of the EU, we have become accustomed to frictionless and tariff-free trade between the UK and the other countries of the EU.  It has meant that automotive parts can be delivered quickly from wherever they are made or held in stock and vehicles can be ordered and transported across borders in minimal time.

“Considering the automotive sector provides direct employment for over 800,000 people, it is essential that the government makes a commitment to outline a clear and beneficial deal in order to ensure our industry has what it needs to secure its future success.”